In recognition of the key role that the Avalaunch community has played in shaping the Avalanche ecosystem, we are delighted to announce that we will be airdropping 1% of the CLY token supply to XAVA stakers. This airdrop not only rewards our dedicated community members but also reinforces our longstanding partnership with Colony Lab, enhancing cross-collaboration within the network.
Avalaunch was given the opportunity to support Colony during its inception stage and this 1% share comes from Avalaunch’s role in joining their board of advisors. As part of our ongoing commitment to providing XAVA stakers with unique opportunities, we have decided that the most effective way to use this share is by redistributing the CLY tokens to our community. In doing so, we further align the interests of the Avalaunch and Colony communities, strengthening our collective impact on the wider ecosystem.
Colony: Avalanche Ecosystem Accelerator
Since Colony’s IDO on Avalaunch 3 years ago, they have established themselves as the leading accelerator for the Avalanche network. By providing CLY stakers with access to high-quality, early-stage investment opportunities, Colony is playing an integral role in democratizing the funding landscape. For emerging projects, this means essential support in bootstrapping their community and receiving valuable guidance as they prepare to launch on Avalanche. Additionally, CLY stakers benefit from several key products:
- Validator Program – Colony’s validator nodes secure the network and distribute AVAX rewards to stakers.
- Liquidity Program – This initiative provides new projects with a liquidity boost, with the generated yield then shared with CLY stakers.
How to Qualify for the Airdrop
🪂 To qualify for the airdrop, you simply need to have your XAVA staked on Avalaunch.
- The snapshot for the airdrop will take place on Tuesday 23 April, 3 p.m. (UTC).
- As always, locked stakers will receive a higher weighting per XAVA staked in the airdrop distribution.
Airdrop Timeline
The CLY airdrop will be split across 2 airdrops:
- 1st Airdrop (50%):
- Fully unlocked upon distribution. To qualify for the 2nd airdrop, users will have to stake their entire CLY airdrop on the Colony platform.
- 2nd Airdrop (50%):
- Distributed to users who stake 100% of the initial airdrop on the Colony platform by Saturday 8 June. At that time, a second snapshot will be taken, and the remaining CLY will be vested linearly over 2 months.
Claiming Your Airdrop
Eligible users will be able to claim their airdrops on the Avalaunch and Colony platforms. The first portion of the airdrop will be available to claim on the Avalaunch Airdrop portal on Wednesday 24 April.
⚠️ Please remain vigilant and avoid clicking on any phishing links! ⚠️
Avalaunch’s core goal is to build deep relationships with ecosystem partners, to develop sustainable products that elevate Avalanche as a hub for innovation. Together with Colony, we are thrilled to strengthen our shared commitment to nurturing early-stage projects through community-driven funding and hands-on support. This collaboration underscores our passion for transforming visionary ideas into a reality, driving the growth and vibrancy of the Avalanche ecosystem.
About Colony
Colony Lab: The community-driven Avalanche ecosystem accelerator, powered by $CLY.
We empower projects through decentralized fundraising and liquidity. Our inclusive platform offers the community diverse exposure and unprecedented access to Avalanche’s remarkable growth. Join us for seed/private sales investment opportunities and unlock a world of rewards, including airdrops, $AVAX incentives, and a share in platform fees.
About Avalaunch
Avalaunch is a launchpad powered by the Avalanche platform, allowing new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. With its values deeply rooted in the early Avalanche community, we are able to offer projects confident, informed users who are aligned with the long-term goals of the rapidly expanding application ecosystem. Leveraging Avalanche’s scalable, high-throughput, and low-latency platform, Avalaunch is built by users, for teams, to help grow strong communities.
